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20130121
20130129
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a little smaller since the first of the year. --the result of the payroll tax holiday expiring as part of the fiscal cliff deal. our cover story looks into whether its slowing the economic recovery. not counting a raise or bonus---most of us have a little less take-home pay, not more. january first, the payroll tax went back to 6.2%. "everyone forgot that it was a holiday. a lot of people thought this was the new status quo." it wasn't. and consumers are pretty direct about it. "it adds up to $900 a year. is that significant? yes." "no one likes being taxes. but you don't have a choice." now, if you make 50,000 a year..you'll pay roughly a thousand dollars more in payroll taxes for the year. every two weeks your take-home pay--roughly 36-dollars less. retailers expect it to affect consumer spending. "the likelihood is that it will. we've seen them cutback during the holidays and we expect this 'austerity' to be here for awhile until they get their 'sea-legs' under this program" but getting those sea-legs may take months. "i'm not happy about it. so has it affected your spending? yes, i
angie. tax prep is becoming pricier. last year, the cost to prepare a 1040 form with itemized deductions and a state tax return was up 6%, to $246, according to a survey. the price for forms without deductions is up 12%, to $143. high rent and labor costs drove up the price in pacific states such as california and washington. an accountant with specialties in certain areas like small business can help lower costs or produce a higher refund. some people will spend whatever it takes to stay warm this winter. try this on for size - it's a $2,400 men's down jacket made by german skiwear specialist bogner. and it's practically sold out! the faux leather coat is water repellent. the hood is an additional $300. quentin tarantino's "django unchained" is receiving praise from the academy; however, it is catching flack from ebay. the site has banned the sale of django action figures. ebay says the figures violate its offensive materials policy, which ban items that are intolerant toward race or religion. the film, which depicts slavery in the south, has been criticized for its heavy use of racial
, the colorado economic development commission granted dish $2.5 million in job growth tax credits. famous for not charging fees, southwest airlines introduces a new one. passengers who can't stand the cattle call boarding process can now opt out by paying $40 to board early. southwest does not have assigned seating, and already offers passengers early check-in for $10, but this new option guarantees priority. burns caused by car seat heaters have the attention of the national highway traffic safety administration. the request for automakers to look into the issue came after usa today reported on burn injuries resulting from use of the heaters. auto industry officials are in the process of drafting recommendations. peugeot's new hybrid is riding on air - and we really mean it. the french automaker is introducing new hybrid technology that combines a conventional engine with compressed air propulsion. it's called "hybrid air." the goal is to develop a hybrid that's cheaper than existing models and takes on toyota. some costly items are getting cheaper in 2013. cnn reports that consumers can
in part to the capital gains tax increase that would take effect in 2013 for those making $400,000 or more. mulville also mentioned how the changing demographics of americans go hand-in-hand with the world- wide interest in american real estate. "americans are getting older, becoming more willing sellers at the same time as foreigners want to come in and buy, so it's a combination of things that's magnifying the demand in the upper end. financing is readily available as banks are on track to distribute more private jumbo loans than they have since 2007. > > with this rush of buyers to own these million dollar homes, is this a sign the economy turning around? experts say yes, but not so fast. "we might see some stimulus effect, but i don't think it will be a major decider if we pull out of the recession or not." for first business news, i'm ky sisson. recent data shows that luxury housing markets in south florida, denver, and phoenix are also making a comeback. still ahead, watch your wings. why chicken wing prices are soaring for the superbowl this year. our traders unplugged have a bone t
Search Results 0 to 3 of about 4